The Next Wave of Entrepreneurs

Entrepreneurship isn’t just for the young at heart, it’s for the younger professionals among us. The Small Business Administration recently posted a blog entry about the journey millennials are taking along the path of entrepreneurship. Millennials, initially discouraged by a lagging economy, are more and more taking the leap:

Did you know that nearly a quarter of all new U.S. entrepreneurs come from the 20-34 age group? (source: Kauffman Index of Entrepreneurial Activity) And, as more and more millennials express enthusiasm about business ownership, this number is sure to rise. In fact, back in 2011, a nationwide poll of 18-34 year olds found that 54 percent wanted to start a business or had already started one. But faced with the stagnant economy of the time, many were holding back.

Now that that economy is rebounding, entrepreneurship is once again an exciting proposition for young people.

The blog post goes on to offer resources for these entrepreneurs (many of which are applicable to the broader, “older” population as well). The lesson here is that, while they help, age and experience alone do not a successful entrepreneur make. Success is built on the determination, hard work, and plain old guts that strong entrepreneurs share, no matter their age.